Just as the guild structure was socially conservative--and hence easily superseded when the more progressive market system, flourishing along with the industrial economy, came along--so is the present MFA credentialing system.
I know the miracles that can happen from publishing a book that you really believe in, but I also know how fickle the industry can be, and so I'm eager to share with you what we all had to learn the hard way.
While many traditional publishers still figure on the top 100 publishers list, more than half of the list consists of publishers who didn't exist 10 years ago, half again of which did not exist five years ago.
With book coverage dwindling it has become more important than ever for publishers to create and explore alternative avenues in which to engage readers. And, perhaps surprisingly, publishers are responding.